Ale_IT

BTC ready for a pullback?

Short
BITFINEX:BTCUSD   Bitcoin
The wedge target is achieved, the test in the 40k area is likely
Now both on the black line or on the green line you can draw a head and shoulders whose target projects towards 30k but given the strength of the BTC I think that reached this first target there could be an important pullback on the neckline of the head and shoulders before reach the second target
If it goes back above the neckline it denies this hypothesis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.